Rogers Co. (NYSE:ROG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Rogers Co. (NYSE:ROGGet Rating) have been assigned an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have covered the stock in the last year is $277.00.

A number of brokerages have recently issued reports on ROG. StockNews.com began coverage on Rogers in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of Rogers from a “strong sell” rating to a “hold” rating in a report on Wednesday.

Shares of NYSE:ROG opened at $272.60 on Thursday. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 47.57 and a beta of 1.56. Rogers has a 52 week low of $172.84 and a 52 week high of $274.51. The company has a quick ratio of 2.75, a current ratio of 3.56 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $272.68 and a 200 day moving average of $264.45.

Rogers (NYSE:ROGGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The electronics maker reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.27. The company had revenue of $230.45 million during the quarter, compared to the consensus estimate of $242.30 million. Rogers had a net margin of 11.59% and a return on equity of 12.51%. Rogers’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.58 earnings per share. On average, sell-side analysts expect that Rogers will post 5.3 EPS for the current year.

Several institutional investors have recently bought and sold shares of ROG. BlackRock Inc. boosted its position in Rogers by 0.7% in the 4th quarter. BlackRock Inc. now owns 3,273,574 shares of the electronics maker’s stock valued at $893,685,000 after buying an additional 23,695 shares during the period. Janus Henderson Group PLC increased its stake in Rogers by 8.6% in the third quarter. Janus Henderson Group PLC now owns 981,181 shares of the electronics maker’s stock valued at $182,971,000 after purchasing an additional 77,810 shares during the period. Wellington Management Group LLP increased its stake in Rogers by 1.5% in the third quarter. Wellington Management Group LLP now owns 886,951 shares of the electronics maker’s stock valued at $165,398,000 after purchasing an additional 12,851 shares during the period. Norges Bank purchased a new stake in shares of Rogers in the fourth quarter valued at about $101,988,000. Finally, Deutsche Bank AG boosted its holdings in shares of Rogers by 2,816.0% in the fourth quarter. Deutsche Bank AG now owns 368,005 shares of the electronics maker’s stock valued at $100,465,000 after acquiring an additional 355,385 shares in the last quarter. 92.12% of the stock is owned by institutional investors and hedge funds.

Rogers Company Profile (Get Rating)

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets.

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